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Partnership firm Registration

A Partnership is one of the most important forms of a business organization. A partnership firm is where two or more persons come together to form a business and divide the profits in an agreed ratio. The partnership business includes any kind of trade, occupation and profession. A partnership firm is easy to form with fewer compliances as compared to companies.

The Indian Partnership Act, 1932 governs and regulates partnership firms in India. The persons who come together to form the partnership firm are knowns as partners. The partnership firm is constituted under a contract between the partners. The contract between the partners is known as a partnership deed which regulates the relationship among the partners and also between the partners and the partnership firm

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Documents Required

  • Application for registration of partnership (Form 1)

  • Certified original copy of partnership deed

  • Specimen of an affidavit certifying all the details mentioned in the partnership deed and documents are correct

  • PAN card and address proof of the partners

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documents required (registered office)

  • NOC - No Objection Certificate from the Owner of the Property

  • Address Proof - Latest Telephone Bill or Mobile Bill/ Gas Bill/ Electricity Bill (MUST be less than 30 days old)

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Checklist for Partnership Firm 

  • Drafting of partnership deed

  • Minimum two members as partners

  • Maximum number of partners equal to or less than 20

  • Selection of appropriate names

  • Principal place of business

  • PAN card and bank account of the firm

  • Initial investment to start the firm.

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